Commercial Rent (Coronavirus) Act 2022
Details
- Date: Wednesday 27th April 2022
- Time: 11am - 12.30pm
- CPD Hours: 1.5 hours
- Expires after: 120 Days
- £35 Plus VAT
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On 24 March 2022 the Commercial Rent (Coronavirus) Act 2022 became law. It prevents landlords from exercising most remedies in respect of outstanding commercial rents which fell due during the pandemic mandated closures. The Act further provides for a mandatory legally binding arbitration process to resolve disputes around such debts, to the extent they cannot be resolved by negotiation. The government has also announced that 7 arbitral bodies have received approval to administer the arbitration scheme.
While there are still grey areas surrounding the practical working of the Act, this one-hour webinar looks at what the Act means for landlords and tenants and what steps should the landlord take to ensure maximum rent recoverability
- Which tenants are protected and what is a “protected rent debt”?
- What restrictions are in place on landlords’ remedies for such debt and how long is the “protected period”?
- What is the “approved” arbitration process, how does it work and what awards can the arbitrator make?
- What should landlords and tenants do now?
£35.00 + VAT